GT Advanced Technologies (GTAT -6.5%) heads south after announcing a $175M offering of...

|About: GT Advanced Technologies, Inc. (GTATQ)|By:, SA News Editor

GT Advanced Technologies (GTAT -6.5%) heads south after announcing a $175M offering of convertible senior notes due Oct. 1, 2017. The LED/solar equipment maker, which had $144M in debt on its balance sheet as of June 29, only says it will use the proceeds for "general corporate purposes." (PR)